Tuesday, April 22, 2014

Goldcorp Gives Up

Goldcorp is giving up on its bid for Osisko Mining. The mining company says it will not raise its offer of 3.6-billion dollars that expires tonight. Its decision comes on the heels of last week's announcement that Yamana Gold and Angico Eagle Mines are joining forces to acquire Osisko for 3.9-billion, creating a new company called New Osisko.